Guideline Value for SURRYA ENCLAVE

Surrya Enclave guideline value

The current guideline value of Surrya Enclave, located in Kerugambakkam village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Surrya Enclave has changed

The guideline value for Surrya Enclave has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft. This was increased to Rs 1,500 per sq.ft in the 2023 revision, marking a change of 40%. The most recent revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, reflecting a significant increase of 17% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Surrya Enclave is below this median.

• Sri Venkata Narayana Nagar: Rs 3,300 per sq.ft (2024)
• Thirupurkumaran Street: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,650 per sq.ft (2024)
• Thiruvedhiamman Koil Street: Rs 1,980 per sq.ft (2024)
• Thiru.Vi.Ka Street: Rs 1,980 per sq.ft (2024)
• Sri Puram: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Surrya Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surrya Enclave?

The Surrya Enclave area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kerugambakkam

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the property is valued appropriately according to the local market standards.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Surrya Enclave?

The current guideline value of Surrya Enclave is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Kerugambakkam?

The median guideline value for streets in Kerugambakkam is Rs 2,200 per sq.ft, with Surrya Enclave's value being below this median.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.